On which blockchain is USDC built?
anzhifeiDec 17, 2021 · 3 years ago3 answers
Can you tell me which blockchain USDC is built on? I'm curious about the underlying technology behind USDC.
3 answers
- Dec 17, 2021 · 3 years agoUSDC is built on the Ethereum blockchain. Ethereum is a decentralized, open-source blockchain platform that allows developers to build and deploy smart contracts. USDC leverages the Ethereum blockchain's security and scalability to provide a stablecoin that can be easily transferred and used in various decentralized applications (dApps).
- Dec 17, 2021 · 3 years agoUSDC is built on the Ethereum blockchain, which is one of the most popular and widely used blockchains in the cryptocurrency industry. By utilizing Ethereum's infrastructure, USDC benefits from its robust security, global network, and established ecosystem. This ensures that USDC transactions are secure, fast, and reliable.
- Dec 17, 2021 · 3 years agoUSDC is built on the Ethereum blockchain, which is known for its smart contract functionality and wide adoption in the cryptocurrency space. By leveraging Ethereum's infrastructure, USDC offers users the benefits of fast and low-cost transactions, as well as the ability to interact with other Ethereum-based tokens and decentralized applications. It's important to note that USDC is not limited to the Ethereum blockchain and can also be issued on other blockchains in the future.
Related Tags
Hot Questions
- 99
What are the best practices for reporting cryptocurrency on my taxes?
- 79
What is the future of blockchain technology?
- 65
What are the tax implications of using cryptocurrency?
- 59
What are the advantages of using cryptocurrency for online transactions?
- 56
Are there any special tax rules for crypto investors?
- 28
How can I protect my digital assets from hackers?
- 20
How can I buy Bitcoin with a credit card?
- 4
What are the best digital currencies to invest in right now?